Fund manager Schroders has signed an agreement to buy Cazenove Capital for 424 million pounds, a deal that would merge the two oldest names in the city of London, England.
Leveraged Buyouts
Yahoo Purchases Summly
For a reported US$30 million, Yahoo purchases the Summly app from its high school aged owner. Yahoo Inc has purchased mobile news aggregator Summly. This is the latest move in a string of acquisitions made by the company to enhance its portal's web services.
Future Capital Partners Purchases Bioethanol Plant
FCP purchases bioethanol plant for machinery to outfit the construction of another plant in the UK. UK investment company Future Capital Partners Ltd has agreed to purchase Appomattox Bio Energy LLC.
Shire Makes Second Ophtha Purchase
Shire pay US$160 million for SARcode Bioscience. Shire recently announced its purchase of privately owned US biotech firm SARcode Bioscience. The acquisition was worth US$160 million and central to the deal is the rights over a new drug in the late stages of development that helps cure dry eye disease.
Schroders Purchases 200 year old Cazenove Capital
Schroders pays GBP 424 million for 200 year old Cazenove Capital. Schroders, the UK based fund manager announced that it would pay GBP 424 million or US$646 million to purchase Cazenove Capital.
Latest News
Apple Inc. has purchased WifiSlam, a developer of mapping applications for smart phones. Apple Inc. has acquired WifiSlam, a startup in Silicon Valley that creates mapping applications for smart phones.
Technology giant Apple has recently purchased WiFiSlam for its mapping purposes. Apple is seeking to improve its mapping applications for its smart phones by purchasing Silicon Valley start up WiFiSlam.
Standard is considering to buy a bank in Egypt as it sees economic stability in the country. Standard Chartered plans to buy an Egyptian bank to benefit from the booming lending sector of the Middle East, regional head Christos Papadopoulos said.
Dell reviewing Icahn and Blackstone offers against the Silver Lake/Dell offer. Currently, the special committee of the Board of Directors of Dell Inc is reviewing the takeover bids submitted by the Blackstone Group and billionaire Carl Icahn.
Leveraged buyouts backed by private equity involved big names since financial crises. Leveraged buyouts backed by private equity have now caught world's attention as they continue to emerge since the economic meltdown.
U.S. companies have become more confident in completing larger acquisitions as the country shows receovery.
Foreign language schools market in Brazil are seeing a number of takeover. A number of takeovers in the foreign language schools market in Brazil have hinted education companies that the sector is growing fast as the demand for English-speaking women continues to rise.
CBS is expected to offer $100 million for One Equity Partners' stake in TV Guide Network, sources cited.
P. Schoenfeld Asset Management or PSAM is now raising questions on the proposed merger of MetroPCS Communications Inc. and T-Mobile as it vetoes the deal.
